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Illinois Statutes Chapter 215. Insurance § 5/115. Amended Certificate of Authority

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 115. Amended Certificate of Authority. (1) In the event that a foreign or alien company authorized to transact business in this State changes its name or desires to transact in this State a kind or kinds of business other than those it is then authorized to transact, it shall file with the Director an application for an amended certificate of authority.

(2) Such application shall comply as to form and manner of execution with the requirements of this article for an original application and shall set forth the name of the company, the respects in which the company desires its certificate of authority amended, and such other information as is necessary or appropriate to enable the Director to determine whether such an amended certificate of authority should be issued.

(3) The Director shall issue such amended certificate if he is satisfied that

(a) the company might lawfully be authorized to transact the kind or kinds of business it desires to transact if application for such authority were made in an original application; and

(b) the conditions provided for in section 111 are complied with.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 5/115. Amended Certificate of Authority - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-115/

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